STRATTEC SECURITY CORPORATION: A New Era with Matthew Pauli as CFO

STRATTEC SECURITY CORPORATION (Nasdaq: STRT), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, has appointed Matthew Pauli as Senior Vice President and Chief Financial Officer, effective November 13, 2024. Pauli succeeds Dennis Bowe, who will continue in an advisory role during the transition. This strategic appointment aligns with STRATTEC's ongoing transformation, focusing on operational change, data analytics, and information systems.

Pauli brings over 20 years of financial management experience to STRATTEC, with a proven track record of driving operational efficiency and enhancing financial operations. Most recently, he served as Executive Advisor and CFO of CentroMotion, where he established forecasting and reporting processes, improved global spend visibility, led projects to increase working capital velocity, and provided financial leadership to operational footprint and business value creation initiatives.



STRATTEC's CEO, Jennifer Slater, emphasized the need for operational financial proficiency to achieve more predictable financial outcomes and drive cash generation. Pauli's appointment is a strategic move to strengthen the company's financial foundation and support its transformation. His extensive experience in improving working capital velocity, implementing best practices, and defining key performance metrics will be instrumental in driving cash generation and enhancing operational performance at STRATTEC.



Pauli's expertise in operational change, data analytics, and information systems directly aligns with STRATTEC's transformation objectives. His ability to implement best practices and enhance financial operations will help the company uncover its underlying earnings potential and support predictable commercial growth. With Pauli at the helm of STRATTEC's financial operations, the company is well-positioned to navigate its transformation and capitalize on the growing demand for advanced automotive access and security solutions.

In conclusion, STRATTEC SECURITY CORPORATION's appointment of Matthew Pauli as Chief Financial Officer is a strategic move that aligns with the company's transformation objectives. Pauli's extensive financial management experience, focus on operational efficiency, and ability to drive cash generation make him an ideal fit for STRATTEC. As the company continues its transformation, investors can expect Pauli's leadership to contribute to STRATTEC's long-term success and growth.